Explain What Is Involved in Building Capabilities Internally

question 80

Essay

Explain what is involved in building capabilities internally. What steps are required? How much time does it take? How hard is it? Support your answer.

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Definitions:

Outsourced

The practice of contracting out certain business processes or tasks to external providers rather than handling them internally.

Dignity

The state or quality of being worthy of honor or respect.

Productivity

The measure of efficiency in which resources, such as labor and capital, are converted into goods, services, or outcomes.

Performance Appraisal

A regular review of an employee's job performance and overall contribution to an organization, including assessments of goals achieved and skills developed.